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it is less likely that romney will win. but, i think the rally we had today was based on how well romney did last night and the market does want to go higher under a romney win. >> you think if he wins it is better for the stock market. 1600 is where we are going if romney wins. >> the jobs report for septem r september. we are not looking for meaningful improvement with the business trends. we are looking for 85,000 job gains in september. there will be a couple of over rages in the earnings. chris, you are up. last but not least, 30 seconds on the clock. what are you looking for? >> your other guests talked about the others. i'll talk about the international data. should inflation continue to escalate. that may put a lid on the stimulus they are able to do. we have german factory orders that are of interest to us. but, frankly, the think we watch most closely are the debt spreads in spain and italy. >> all right. thank you gentlemen. we will bring you all of that tomorrow morning. as well as the data from asia and europe.
it is less likely that romney will win. but, i think the rally we had today was based on how well romney did last night and the market does want to go higher under a romney win. >> you think if he wins it is better for the stock market. 1600 is where we are going if romney wins. >> the jobs report for septem r september. we are not looking for meaningful improvement with the business trends. we are looking for 85,000 job gains in september. there will be a couple of over rages in...
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go back to the basic math problem romney has. he wants to cut tax rates, which would cost about $900 billion a year, according to estimates, which means he needs to find $900 billion in tax breaks. well, all the tax expenditures every year together total $1 trillion. so basically romney would have to convince congress to eliminate all tax expenditures to make the math work in his tax plan. that is never going to happen. it's a fantasy tax plan. it would explode our budget deficit. >> i don't think there's any math problem here. most of these deductions and the like, like the mortgage interest deduction, the state and local tax deduction, are heavily slanted towards the upper end. so you eliminate those deductions, you use the money to lower rates. and, in fact, paul ryan's 10 and 25% plan basically hit the same revenue and same distribution as the current tax code. this is totally doable. i give romney credit for moving in the right direction here, but he should be bolder, like paul ryan's house plan. >> the other issue is -- the
go back to the basic math problem romney has. he wants to cut tax rates, which would cost about $900 billion a year, according to estimates, which means he needs to find $900 billion in tax breaks. well, all the tax expenditures every year together total $1 trillion. so basically romney would have to convince congress to eliminate all tax expenditures to make the math work in his tax plan. that is never going to happen. it's a fantasy tax plan. it would explode our budget deficit. >> i...
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definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far today, but president obama hosted a rally in colorado today, giving him a chance to have almost a do over from last night's performance. take a listen. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> and bill, the battle continues now. in the battleground states, we're going to see both candidates in virginia. the presi
definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far today, but president obama hosted a rally in colorado today, giving him a chance to have...
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so romney's got a bis task ahead of him. i believe that he can do it, i believe that he can go out there and have a real debate with the president of the united states about where this country is heading and how we need to change some policies. >> appreciate the time today. thanks so much. thank you very much for joining us here on "worldwide exchange." >>> for all the coverage of the first presidential debate, tune in to cnbc at 8:00 p.m. eastern tonight as we get you set up for the official debate at 9:00 p.m. also, still to come here on this show, real estate mogul, and shank tank member barbara corcoran joins us for a look at the housing market, as u.s. house prices post the biggest jump in six years. that's coming your way. >>> these are your headlines. president obama and mitt romney get set for their first debate in denver. service sector growth slows across the globe in september. and rajoy issues the latest denial that he's ready to seek a bailout. >>> other stories we're following for you today. the apple faithful
so romney's got a bis task ahead of him. i believe that he can do it, i believe that he can go out there and have a real debate with the president of the united states about where this country is heading and how we need to change some policies. >> appreciate the time today. thanks so much. thank you very much for joining us here on "worldwide exchange." >>> for all the coverage of the first presidential debate, tune in to cnbc at 8:00 p.m. eastern tonight as we get you...
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romney is up in some of the daily tracking polls. so the campaign is not -- again, chris, hold on a second. >> that's not factually true. he down in the balance will you please every single tracking poll. >> again, chris, if you look at rasmussen over the last week, there's been days when they're neck and neck. you look across the board, it's very close. >> i'm on the phone and i can tell you the polling numbers off the top of my head, you are wrong. in ohio, he's down. in virginia, he's down. tell me the battleground states where governor romney is ahead. tell me the one. >> in ohio, he's within the margin of error. in florida, he's within the margin of error. and again, if it's such a horrific campaign, and you know a lot about horrific campaigns, then he wouldn't be as close as he is. going back to the point about scratching beneath the surface, mitt romney was the one that went over and over again through specifics. president obama couldn't go anywhere near his own record. and you know why, because he's failed for four years. he'
romney is up in some of the daily tracking polls. so the campaign is not -- again, chris, hold on a second. >> that's not factually true. he down in the balance will you please every single tracking poll. >> again, chris, if you look at rasmussen over the last week, there's been days when they're neck and neck. you look across the board, it's very close. >> i'm on the phone and i can tell you the polling numbers off the top of my head, you are wrong. in ohio, he's down. in...
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>> it's not as good if romney's elected president. because what happened is the health companies they went all in under obama. they did win. unh goes higher with president obama is re-elected. if you love playing kick the can as a kid, as i did, you should have adored as an investor in an industrial based company, the kick the can theory, our stocks go higher. >>> coming up , ipo stud or dud. but does this cloud play offer enough profit to bring investors back to the table. find out when you get to know this ipo. >>> and later, up, up and away? amazon has already sold almost 50% this year and google is up over 15%. but could these two market leaders continue to climb? or will they fall back down to earth? don't miss cramer's take. >>> plus, healthy dividend? medical properties trust owns care facilities nationwide, as affordable care makes political headlines. does this mean give your performer a -- as cramer sits down with a ceo just ahead. all coming up on "mad money." when you take a closer look... ...at the best schools in the wor
>> it's not as good if romney's elected president. because what happened is the health companies they went all in under obama. they did win. unh goes higher with president obama is re-elected. if you love playing kick the can as a kid, as i did, you should have adored as an investor in an industrial based company, the kick the can theory, our stocks go higher. >>> coming up , ipo stud or dud. but does this cloud play offer enough profit to bring investors back to the table. find...
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remember, romney has to do two things. one, he has to convince that president obama has not delivered. second, he has to convince the american people he can deliver. so he has to do it both things. there's still some heavy sledding for him on both fronts. in terms of the market, i think that over the next few weeks and months we're basically going to be driven not only by the political process but whether we get data that confirms the handoff from central bank action to fundamentals will happen. otherwise, this wedge that the central bank have created between valuations of fundamentals cannot be sustained forever. fundamentals have got to start coming up towards valuations, otherwise valuations will come down. >> mohammed, thank you so much for joining us today. >> thank you, michelle. >> all right. we've got about 51 minutes before the closing bell. the nasdaq is lower by nearly 14 points. >> don't go anywhere. there's still a lot more ahead on this busy friday edition of the "closing bell." >>> coming up, employment poss
remember, romney has to do two things. one, he has to convince that president obama has not delivered. second, he has to convince the american people he can deliver. so he has to do it both things. there's still some heavy sledding for him on both fronts. in terms of the market, i think that over the next few weeks and months we're basically going to be driven not only by the political process but whether we get data that confirms the handoff from central bank action to fundamentals will...
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talk to the romney campaign. they'll tell you they were behind. >> i said there was one poll yesterday that said that they were tied, what was it a national something or other poll. >> yeah but you look at all the polls, not just nationally but in the swing states he was behind. and the romney campaign acknowledged that. >> there's a difference between being behind and having nothing left to lose because you're totally written off by even your own party. >> the point i was making -- >> i don't agree with arianna on that either. i think he was still in the game going into the debate. he's more in the game after the debate than he was before. >> even late in the fourth quarter down by, i thought he said two touchdowns. >> two scores. >> all right. late in the fourth quarter -- >> two safeties. >> it was two safeties, whatever you were talking about, i don't think that was true either. we'll see. there's a poll coming out november 6 i want you to look at. >> you're right. >> the bottom line is -- >> i will say on th
talk to the romney campaign. they'll tell you they were behind. >> i said there was one poll yesterday that said that they were tied, what was it a national something or other poll. >> yeah but you look at all the polls, not just nationally but in the swing states he was behind. and the romney campaign acknowledged that. >> there's a difference between being behind and having nothing left to lose because you're totally written off by even your own party. >> the point i...
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he was searching at times for criticism on romney. romney kept him on the ropes. so issue after issue it was mitt romney on offense and the president on defense. >> try to dry some parallels, dan, to that debate between president bush and john kerry. kerry was largely seen at the time to have won at least debate number one. of course, we all know what eventually happened in that race. how much does last night move the polls, do you think? >> it will be interesting to see if it moves the polls. equally important, the psychology, fund-raising, all those aspects between now and -- re remember, this is not going well for him. next week will be the vice-presidential debate in which i think paul ryan will do quite well against joe biden. you could have the situation where they wrap up two debate victories before he gets back on the field. so whether the poll numbers move or not, we'll wait to see, buttal all the other elements you want to see. having the narrative go your way and the grasset reus and your troops be energized. this couldn't have come at a better moment f
he was searching at times for criticism on romney. romney kept him on the ropes. so issue after issue it was mitt romney on offense and the president on defense. >> try to dry some parallels, dan, to that debate between president bush and john kerry. kerry was largely seen at the time to have won at least debate number one. of course, we all know what eventually happened in that race. how much does last night move the polls, do you think? >> it will be interesting to see if it moves...
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so ohio may be a better shot for mitt romney. as i mentioned, i was talking to a romney strategist the other day and said, well, you're getting closer in florida, but you're still far behind in ohio. and his answer was we need both of them. >> yeah, in some ways maybe tonight's aimed at an economically challenged woman in ohio as someone wrote earlier in the week. john, we'll see you tonight of course. do not miss coverage of the president shpresidential debate. >>> let's get to rick santelli. >> actually it's proven to bere. >>> let's get to rick santelli. >> actually it's proven to bedet presidential debate. >>> let's get to rick santelli. >> actually it's proven to be presidential debate. >>> let's get to rick santelli. >> actually it's proven to bepr. >>> let's get to rick santelli. >> actually it's proven to be a perfect segue. because in the end, whether you believe polls or not, it's exactly what i'm going to talk about regarding data. polls are basically surveys. do people actually guarantee they'll vote the way they're p
so ohio may be a better shot for mitt romney. as i mentioned, i was talking to a romney strategist the other day and said, well, you're getting closer in florida, but you're still far behind in ohio. and his answer was we need both of them. >> yeah, in some ways maybe tonight's aimed at an economically challenged woman in ohio as someone wrote earlier in the week. john, we'll see you tonight of course. do not miss coverage of the president shpresidential debate. >>> let's get to...
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what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was listless. president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the stock market. a stock you know very well. hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire. here's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and 2015 as those products kick in, the i think vestments we're making in things like i.t., sales, organization, and training. those things will start to kick in. i really think 2014 will be quite a bright year for hp. >> what do you think of what she said? do you have any sympathy for her? >> first o
what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was listless. president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the...
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victory in november or a winning season for the jets, he would pick romney. so does romney have a better chance of winning than the jets? >> well, 70% said yes. 30% said no. there were no other choices. there you go. that's 100%, i do believe. that's all. >> i don't know if that bodes better for romney or the jets, to be honest with you. i think i might disagree with both of those. all right. th
victory in november or a winning season for the jets, he would pick romney. so does romney have a better chance of winning than the jets? >> well, 70% said yes. 30% said no. there were no other choices. there you go. that's 100%, i do believe. that's all. >> i don't know if that bodes better for romney or the jets, to be honest with you. i think i might disagree with both of those. all right. th
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. >>> would ceo's make romney president? wait until you hear the rationale. >>> and facing realities of the digital age. facebook may be watching your web searches to steer relevancy your way. is it just good business? we'll debate both sides of the issue coming up. back in a moment. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn
. >>> would ceo's make romney president? wait until you hear the rationale. >>> and facing realities of the digital age. facebook may be watching your web searches to steer relevancy your way. is it just good business? we'll debate both sides of the issue coming up. back in a moment. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a...
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but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of the fiscal policy program, as well, and joins us now. have you heard anything -- have you heard enough of of a commitment from either side of the aisle that you thought might actually work? >> well, what we didn't hear was enough specifics. so i think the good news is that that debate, the discussion was clearly focused on the deficit and debt. which is the issue that we need to be talking about particularly as we go in to the election so that we have enough details about what we're going to do both to avoid the fiscal cliff and to do something about our mounting debt in this country. but neither candidate r
but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of...
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that's the problem with romney. not to mention romney is the gift that keeps on going. he keeps saying stupid things like 47%. if romney doesn't do himself any damage, he wins the debate. >> does he have to give specifics though? he's now been painted as this person who is going to be taxing the middle class to pay for wealthy people's tax cuts. does he have to get specific? >> i think lara will ask that. >> he's got to do well. he's got to show well in this. i don't think ratcheting up expectation is good. i think what you want to do if you're getting ready for the debate is ratchet down expectation. i think he'll do fine. he needs to have a knockout. it doesn't need to be a decision. it needs to be a ko. >> how much of this debate is going to be about the economy and jobs and taxes tonight as opposed to education, health care, social issues, what have you? >> well, all those things matter, certainly when it comes to education, that's the future. i mean, the future generations will be -- will fail, rise, or fall based on education, so that's a very important building b
that's the problem with romney. not to mention romney is the gift that keeps on going. he keeps saying stupid things like 47%. if romney doesn't do himself any damage, he wins the debate. >> does he have to give specifics though? he's now been painted as this person who is going to be taxing the middle class to pay for wealthy people's tax cuts. does he have to get specific? >> i think lara will ask that. >> he's got to do well. he's got to show well in this. i don't think...
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>> romney. >> romney is going to slow things down. can i add to what you said, john, is it also true the on sense of job growth could make you pessimistic about the future in that you don't have the support for the recovery you would expect? i agree higher job growth is not necessarily an omen of better economic growth but in the absence, mark and michelle also, this is what? let answer not get excited. it's 114 on the payroll and say it's revised up next month, revisions hold to 150. it's still a 1.5, 2% economy. we're not making huge inroads here. >> it's still a challenging environment and i think what's encourage something we're making slow progress but by no means are we accelerating to a much different business cycle. the fundamental challenges that the economy faces are still there. you still have the fiscal cliff at the end of the year which is going to be a concern. you still have credit conditions that haven't returned to a normal environment. you still have concern over the synchronized global slowdown so steve, i think it'
>> romney. >> romney is going to slow things down. can i add to what you said, john, is it also true the on sense of job growth could make you pessimistic about the future in that you don't have the support for the recovery you would expect? i agree higher job growth is not necessarily an omen of better economic growth but in the absence, mark and michelle also, this is what? let answer not get excited. it's 114 on the payroll and say it's revised up next month, revisions hold to...
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>> romney has some momentum from the debate. i think the debate is a more powerful political force in the race than the unemployment numbers that came out. we were all talking about those on friday. but you had more than north of 60 million people watching these two guys on wednesday night and you see some momentum, democrats say the gap has narrowed in some states where obama had a lead. he's getting closer in most of the swing states. up two in rasmussen, down three in gallup. and the question is does this week continue that momentum. the vice president debate in the past has been critical for either accelerating or breaking the momentum one way or the other for the party in power. and we saw dick cheney came through twice for president bush, once in 2000 against joe lieberman when they were continuing the progress bush that in the first debate, second time was in breaking the momentum that john kerry had in 2004. and cheney bested john edwards in 2004, that helped him. so we have to see whether paul ryan, who is very smart po
>> romney has some momentum from the debate. i think the debate is a more powerful political force in the race than the unemployment numbers that came out. we were all talking about those on friday. but you had more than north of 60 million people watching these two guys on wednesday night and you see some momentum, democrats say the gap has narrowed in some states where obama had a lead. he's getting closer in most of the swing states. up two in rasmussen, down three in gallup. and the...
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so romney in fact and i've talked to romney's strategists about this, they know that voters don't actually believe that you're going to have a big net tax cut for anybody. it's not credible. >> the linchpin of the entire plan is to raise taxes on people 250 or above, which does nothing for the definite sit, does nothing with entitlements. not only are you not talking details, all you have is raising tax on people that have money and talking about nothing else. >> the distinction is that the romney campaign is saying we're not going to raise taxes on the middle class, but by the way, we really are. >> hold on. joe, obama -- first of all, raising taxes on people at the top may not be sufficient, but it's not nothing. it does raise money. >> we need a trillion and it's like $80 billion. >> $80 billion? >> it's like 80 build per year. and we need to cut -- close the deficit by a trillion. we got a trillion dollar deficit and it raises like -- i think it's less. maybe 40 billion. >> are you correct, it's not sufficient. >> and he's not talking about anything else. you can keep your entitlement,
so romney in fact and i've talked to romney's strategists about this, they know that voters don't actually believe that you're going to have a big net tax cut for anybody. it's not credible. >> the linchpin of the entire plan is to raise taxes on people 250 or above, which does nothing for the definite sit, does nothing with entitlements. not only are you not talking details, all you have is raising tax on people that have money and talking about nothing else. >> the distinction is...
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on wednesday, president obama and republican candidate mitt romney meet in the first presidential debate. this one focusing on domestic policy. on thursday, we'll get the minutes of the last meeting of the federal reserve open market committee. this one's the meeting when the fed governors approved another round of quantitative easing. and on friday, the always anticipated monthly jobs report will be released. we will find out if there's any change to the 8.1% unemployment rate for america. >>> finally, are you ready to hand over the wheel at google headquarters this week, california governor jerry brown signed a law legalizing driverless cars. the search giant has been developing self-driving cars for several years. they use cameras and radar to detect other vehicles. and have reportedly logged more than 300,000 road miles without an incident. implementing this idea is right on schedule. >>> you know, it was just at the 1939 worlds fair when general motors predicted a highway system full of electric cars controlled by remote radio as part of the company's futurerama exhibit and predicte
on wednesday, president obama and republican candidate mitt romney meet in the first presidential debate. this one focusing on domestic policy. on thursday, we'll get the minutes of the last meeting of the federal reserve open market committee. this one's the meeting when the fed governors approved another round of quantitative easing. and on friday, the always anticipated monthly jobs report will be released. we will find out if there's any change to the 8.1% unemployment rate for america....
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governor romney is right. they brought in frozen food cases and they're doing well. >> they raise price target to pier 1. >> i spent so much there last saturday. >> there's a great article about meningitis in "the new york times. a competitor, there are problems with contaminations. regeneron will go high or this. >> and calling a dead-cat bounce on. >> every cat has its day. >> what's coming up today? >> gold. we're going gold, gold, gold. we have a terrific executive and sandstone is the way to play gold as we go to 2,000 for gold and 1800 is the next stop. >> 1785 right now as i'm looking and this sunday, eagles and steelers. >> i don't know, man. people are starting to say that the eagles could be an upset. >> yea. >> i say dream on, and i like the eagles. >> have a great weekend, jim. see you next week. >> what does this morning's key job numbers tell us about the stock? an interview with jan hatzius from goldman. hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great w
governor romney is right. they brought in frozen food cases and they're doing well. >> they raise price target to pier 1. >> i spent so much there last saturday. >> there's a great article about meningitis in "the new york times. a competitor, there are problems with contaminations. regeneron will go high or this. >> and calling a dead-cat bounce on. >> every cat has its day. >> what's coming up today? >> gold. we're going gold, gold, gold. we have...
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that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want to do that, boss. i was going to recommend this and then i felt that the upside was very, very limited. good numbers. i should have done it. i really did kick myself at this one. i thought if i recommended it, the stock would go up too much. ron in louisiana. ron? >> caller: jim. i've got to thank you. you're the best. i've been investing for 55 years and didn't make money until the last five. guess why? jim cramer. >> thank you. thank you. >> caller: thank you. jim, my question to you is will tim geithner's message to aig affect the long-term outlook? and if so, up or down? >> i would not worry about tim geithner when it comes to aig. just worry about mr. benmosche and what he's doing. carolyn in florida. carolyn
that's a platform i could vote for, if only obama or romney would embrace it. lawrence in texas, lawrence? >> caller: jim, how are you doing? i have a question for you today regarding rpm. the earning report came out today. long or short in the stock? >> short that, you have to short that plentiful dividend. i never recommend that idea. you don't want to do that, boss. i was going to recommend this and then i felt that the upside was very, very limited. good numbers. i should have...
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. >> sometimes i wonder about the difference between mitt romney, the man, and mitt romney and the campaign, and his handlers, a lot of consultants around, i think, because people have said on "60 minutes" he was so, seemed so sensible and so smart. i haven't seen him around much for the past three months. >> he's going to get tough and not going to be mitt, he'll have a bad resolution. the fact is, he is a very capable guy, a very smart guy. can he be a very tough guy and he's also got heart. >> when you let the press, when you let the media, donald, define him for three or four months and you never really see him out there, i think that was -- when he's on his own and when you can hear him talk and when they can't cut, "i like to fire people" before he said that if i have an insurance company that's not doing its job, but the media takes just the snippet from the middle. >> exactly, they said all they left was the word "fire." they didn't say, "if people do a bad job" et cetera, it was terrible. he should have attacked them on that. i know him well, he's a great guy, a very capable guy, s
. >> sometimes i wonder about the difference between mitt romney, the man, and mitt romney and the campaign, and his handlers, a lot of consultants around, i think, because people have said on "60 minutes" he was so, seemed so sensible and so smart. i haven't seen him around much for the past three months. >> he's going to get tough and not going to be mitt, he'll have a bad resolution. the fact is, he is a very capable guy, a very smart guy. can he be a very tough guy and...
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thank you very much a reminder to all of you tomorrow, president obama, governor romney do kick off the first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our senior correspondent scott cone has been working on the case. scott? >> sue, under the head nothing good deed goes unpunished, if how you characterize the takeover of bear stearns, the federal government for the $10 a shake jpmorgan got not only bear stearns' assets but liabilities, including, authorities say responsibility four some of the most egregious conduct in the financial crisis you churning out residential mortgages by the thousands, bundling them into what the firm told investors were quality securities, knowing all along many of the mortgages were duds a systemic fraud on thousands of investors,
thank you very much a reminder to all of you tomorrow, president obama, governor romney do kick off the first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our...
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new poll shows 49% of likely voters favoring the president versus 47% for romney. amongst all registered voter, obama holds a 5 point lead. but 52% of likely voters across key swing states favor the president. you'll be able to get full coverage of wedding who's presidential debate right here on cnbc, it starts at 8:00 p.m. eastern. a july says the rules set to go into effect october 12th won't properly justified by the cftc, the rules would cap the size of positions trading firms can take in certain commodity contracts and expand restrictions to swaps trade. meanwhile nokia has another big customer. the "wall street journal" says the company is going to unveil a deal with oracle take. the company's oracle world conference in san francisco. nokia's recently signed deals as well with groupon and amazon which dropped google maps. shares up marginally this morning julia got to a chance to sit down with sheryl sandberg. so tune in for that interview. shares in banco popular have resumed trading. the banks approved a 2.5 billion rights issue. it will report record write
new poll shows 49% of likely voters favoring the president versus 47% for romney. amongst all registered voter, obama holds a 5 point lead. but 52% of likely voters across key swing states favor the president. you'll be able to get full coverage of wedding who's presidential debate right here on cnbc, it starts at 8:00 p.m. eastern. a july says the rules set to go into effect october 12th won't properly justified by the cftc, the rules would cap the size of positions trading firms can take in...
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mitt romney saying i'm going to do this, open up more lands. yet when i read reports from companies that drill for gas they can't get the equipment to the people there. anyway, do we have as a nation the infrastructure to actually go after more of our own resources? >> we do have. but i think that the industry's kind of solared up here in the last two, three months. we've got plenty of resources. infrastructure in the northeast especially in the marcellus needs to advance a little bit. all that will happen. and now you still have very cheap natural gas prices. it is about 30% of what it is around the world. so very cheap. we have the cheapest energy in america. oil today is $90 a barrel. brent north sea the global price is normal in this country. i know you have the california problem on the gasoline. if i could just comment on that. that's pipelines, refineries and california has a unique problem, which is they have a blend for gasoline that's different than the rest of the united states. so it's not a case you can hurry, ship them some texas
mitt romney saying i'm going to do this, open up more lands. yet when i read reports from companies that drill for gas they can't get the equipment to the people there. anyway, do we have as a nation the infrastructure to actually go after more of our own resources? >> we do have. but i think that the industry's kind of solared up here in the last two, three months. we've got plenty of resources. infrastructure in the northeast especially in the marcellus needs to advance a little bit....
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mitt romney can't stop it. so if we can't stop it, let's make the best of it, make sure it's regulated well, make sure it's taxed robustly and make sure those dollars go to a good purpose. >> reporter: initially that 55% tax rate in pennsylvania was to go to give property tax relief for senior citizens, great political move for rendell. here in ohio, a chunk will go to the host city, columbus, ohio. a chunk goes to the state and there are slices that go to every county in ohio. it's obviously going to mean millions in taxes for the state of ohio. another one opens in cincinnati, carl, next spring. back to you. >> judging from the fact that it's probably 9:30 there in the morning -- i don't know if you're east coast. but behind you, brian, people are already lining up. you can see revenue being generated right there. >> reporter: they expect -- they open officially -- vips are inside for the rib-cutten. they expect 10,000 people by noon. they'll have to keep people outside until then. there's 1.8 million people
mitt romney can't stop it. so if we can't stop it, let's make the best of it, make sure it's regulated well, make sure it's taxed robustly and make sure those dollars go to a good purpose. >> reporter: initially that 55% tax rate in pennsylvania was to go to give property tax relief for senior citizens, great political move for rendell. here in ohio, a chunk will go to the host city, columbus, ohio. a chunk goes to the state and there are slices that go to every county in ohio. it's...
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they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear high the market, even as we worry and wring our hands over those issues. why do you think that is? >> well, i think that investors have been through a difficult decade, especially equity investors in the united states have suffered some real turmoil in their returns, and they've been bombarded by these messages that generate fear. they're legitimate concerns. the world is a very uncertain place. so we're telling -- >> who's buying -- that's the question, who's doing the buying right now? >> i don't think i have a perfect answer for you on that. i can't identify all the buyers out there for you. i'm sorry. >> okay. >> are they chasie ining growth? i mean,
they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear high the market, even as we worry and wring our hands over those issues. why do...
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who said based on sources he was not willing to name that he had information indicating that governor romney paid no taxes. if this were to be true -- >> tyler, tyler, tyler -- >> if this were to be true sir. >> tyler, stop. >> let me finish my thought. >> did the workforce participation rate change? no. it's still a 30-year low. did the u6 computation 14.7% change? no. so how is it that we had a drop of .3 percentage point on the unemployment rate if these other statistics which related to that do not change? and don't challenge my intelligence, because i tell you, it wasn't too long ago that we were being told that a video was the imminence for this spontaneous attack that ended up killing an ambassador. so there are a lot of questions that come out of this administration. i'm not talking about impeachment. i just want someone to come clean with the process and methodology because there is a lot of inconsistencies. >> congressman, thank you very much. we appreciate you being with us. >> you have a great day. >> you, too. >> absolutely. >>> meantime, gentlemen, a number of media organizatio
who said based on sources he was not willing to name that he had information indicating that governor romney paid no taxes. if this were to be true -- >> tyler, tyler, tyler -- >> if this were to be true sir. >> tyler, stop. >> let me finish my thought. >> did the workforce participation rate change? no. it's still a 30-year low. did the u6 computation 14.7% change? no. so how is it that we had a drop of .3 percentage point on the unemployment rate if these other...
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mitt romney wrote an op ed. we'll talk about that and the op ed below it that talks about the next battleground, the state labor wars. and then the "santelli exchange," bottom of the hour. what we're going to talk about, to be or not to be. is inflation gestation or inflation on vacation? we'll talk about that and all the issues that involve your money. top and bottom of the hour. mentm and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "squawk on the street." i'm courtney reagan. let's take a look at shares of lane christensen. it's attractive with limited downside because the business itself protects this floo
mitt romney wrote an op ed. we'll talk about that and the op ed below it that talks about the next battleground, the state labor wars. and then the "santelli exchange," bottom of the hour. what we're going to talk about, to be or not to be. is inflation gestation or inflation on vacation? we'll talk about that and all the issues that involve your money. top and bottom of the hour. mentm and the world's only tridion safety cell which can withstand over three and a half tons. small in...
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mitt romney set to deliver what his campaign is calling a major foreign policy speech today. it's at 11:20 eastern. he's expected to say that the u.s. sha change course in the middle east and proposing washington help arm the rebels in syria. place conditions on aid to egypt as well as tightening sanctions on iran. president obama's campaign is dismissing the speech calling it one of several attempts by romney to explain his global intentions. >>> and u.s. congressional committee set to recommend blocking china's big telecom equipment makers from expanding at american markets. leaked draft report says zte cannot be trusted to be free from beijing's influences and pose security risks. the news has sent shares of zte tumbling. >>> still to come, it's that time of year. earnings season kicks off tomorrow. we'll discuss what to expect. and plus recap the venezuela elections. copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs.
mitt romney set to deliver what his campaign is calling a major foreign policy speech today. it's at 11:20 eastern. he's expected to say that the u.s. sha change course in the middle east and proposing washington help arm the rebels in syria. place conditions on aid to egypt as well as tightening sanctions on iran. president obama's campaign is dismissing the speech calling it one of several attempts by romney to explain his global intentions. >>> and u.s. congressional committee set...
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romney has a strong showing, all of that good, strong upward movement is going to come crashing back down around our had he on thursday. >> for all of the stocks in the sector or are there those that are immune to politics? >> in the hospital sector? i don't think anybody's immune to the politics. this is a very, very politicized group. their entire fate, in essence, of these stocks will depend in the near term at least on an obama win. that's because of the power of the implementation of health care reform. obama win something synonymous with january 1, 2014, most of that nasty uncompensated care, the no pay heads in the beds begins to go away. as hospitals have been the insurers of last resort, the investor reaction to the relief of that is this quite stunning and staggering move we've seen since post-convention. >> i'm worried about something a little more macro, sheryl. forget about health care reform law. tenet was a $20 stock eight years ago. hca came, went, now came back, community health has had issues. they seem to have a lot of other problems which makes me nervous to inves
romney has a strong showing, all of that good, strong upward movement is going to come crashing back down around our had he on thursday. >> for all of the stocks in the sector or are there those that are immune to politics? >> in the hospital sector? i don't think anybody's immune to the politics. this is a very, very politicized group. their entire fate, in essence, of these stocks will depend in the near term at least on an obama win. that's because of the power of the...
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arch cole, consol energy feeling the love from republican presidential candidate, mitt romney. >> by the way. i like coal. i like coal. i like coal. i like coal. i like coal. i like coal. >> did he say that it that many smiles to. >> we loop it had, full disclosure. >> max headroom. >> magic of tv. >> did he say i like coam, obviously. the question here is are these stocks a buy? michael dude disat minings and metals joins us on the fast line. great to have you with us. >> thank you. i love that loop you just did. that was great. >> sure it's your ring tone. >> yeah. you're right. it's good. >> in terms of the coal trade a lot of analysts out there, like yourself, have been getting more bullish simply because -- not simply because but mainly because nat gas is now in the $3 range. how much is a factor? at what point do utilities actually switch back to coal? >> i think seeing lot of utilities switch back now, i guess we are 340 spot gas and the strip is nearing $4. those prices allow powder river basin coal and illinois coal to be in the money. i think you are seeing some more coal d
arch cole, consol energy feeling the love from republican presidential candidate, mitt romney. >> by the way. i like coal. i like coal. i like coal. i like coal. i like coal. i like coal. >> did he say that it that many smiles to. >> we loop it had, full disclosure. >> max headroom. >> magic of tv. >> did he say i like coam, obviously. the question here is are these stocks a buy? michael dude disat minings and metals joins us on the fast line. great to have...
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ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's d
ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? customer erin swenson bought from us online today. so, i'm...